Only the Obama administration can take sheer ineptitude and profligacy and champion it as progress. Why does every job Obama wants to "create" cost hundreds of thousands of dollars to "create"? Because there's no market demand for these jobs, that's why.

Today in his weekly Saturday diatribe, Obama announced $2 Billion in new spending that, he claims, will "create" 5100 new jobs....but only 1500 of them will be permanent. That comes out to about $392,156 a job, if we're counting the temporary ones along with the permanent ones, and just over a million dollars for each permanent job created.

If we assume a green job pays about $40,000 a year, and that the federal tax rate is around 25%, that means a green job can pay for itself in about 100 years. Hmm, I think I'm starting to see why the libs love the idea of a "green economy" so much. Because it makes no sense at all.

Obama Announces $2 Billion To Strengthen Solar Capability, Add Jobs

July 3, 2010 at 6:44 AM by AHN ·

Melvin Baker – News Room Administrators Reporter

Washington, DC, United States (NewsBahn) – In his weekly Saturday address, President Barack Obama announced the awarding of nearly $2 billion in Recovery Act funds that will build solar power plants in three states and create more than 1,500 jobs.

He also used the occasion to push Congress to approve bills that would strengthen his job-creation strategy.

The federal funds will be split between two companies, Abengoa Solar and Abound Solar Manufacturing. Abengoa, which has offices in Spain and the United States, will build what the president termed “one of the largest solar plants in the world” in Arizona. Construction will generate about 1,600 job. Obama said more than 70 percent of the parts and products used to build the plant will be manufactured in the U.S.

It would be the first large-scale solar plant in the U.S. to actually store the energy it generates for later use – even at night. When completed, the plant is expected to produce enough electricity to power 70,000 homes.

Abound, which is based in Colorado, will build plants to make solar panels there and in Indiana. The projects are expected to create more than 2,000 construction jobs and at least 1,500 permanent jobs.

The President noted that “on Friday, we learned that after 22 straight months of job loss, our economy has now created jobs in the private sector for 6 months in a row. That’s a positive sign.”

His optimism was tempered by the fact that “the recession from which we’re emerging has left us in a hole that’s about 8 million jobs deep.”

Rectifying that situation would take an “all-hands-on-deck effort,” he said. Saying that “Republican leaders in Washington just don’t get it,” Obama called on Congress to extend long-term jobless benefits, create loans for small businesses and “[send] relief to states so they don’t have to lay off thousands of teachers and firefighters and police officers.

On the eve of celebrating America’s independence, Obama noted the country’s ability to overcome hard times.

“But what this weekend reminds us, more than any other, is that we are a nation that has always risen to the challenges before it,” he said. “We are a nation that, 234 years ago, declared our independence from one of the greatest empires the world had ever known. We are a nation that mustered a sense of common purpose to overcome Depression and fear itself. We are a nation that embraced a call to greatness and saved the world from tyranny. That is who we are–a nation that turns times of trial into times of triumph – and I know America will write our own destiny once more.”